Technology Slice Blog

Credit Suisse To Issue Bonds - Credit Suisse may issue up to $30 billion in contingent-capital bonds over the next several years to help shore up the firm's finances ahead of the start of new bank rules, the Financial Times reported on Monday. The FT quoted Credit Suisse Chief Executive Brady Dougan as saying in an interview the company aims to issue the so-called coco bonds soon to assure investors and regulators there is enough demand for its debt. Credit Suisse To Issue Bonds Cocos, bonds that convert into equity under certain conditions -- usually when a bank's store of capital falls below a certain trigger point -- have got a boost after Swiss regulators said the bonds could help bolster capital bases for banks. [ID:nLDE6930O4] Switzerland announced in October its two biggest lenders -- Credit Suisse and UBS -- would be subject to tougher capital rules than the internationally-agreed Basel III framework. [ID:nLDE6931X1] Plans laid out by a Swiss government commissio...